Anonymous
02/26/2026 18:55
Subject: Should I pay off this student loan now or just stick to schedule?
What is your HYSA rate, OP and what is your effective tax rate?
What is the net after tax rate on your $21k? What then is your delta between that and the 3% loan interest?
That is your big gain over paying off the loan.
Compare that to the extra you pay over 11 years.,
What is the net after tax rate on your $21k? What then is your delta between that and the 3% loan interest?
That is your big gain over paying off the loan.
Compare that to the extra you pay over 11 years.,
Anonymous
02/26/2026 16:18
Subject: Should I pay off this student loan now or just stick to schedule?
If the interest rate is under 3%, why would you pay it off early if you can earn more in a HYSA? I agree with PP who says to pay them off only if your HYSA rate dips to a rate that’s lower than the loans.
I have about $6000 in undergraduate loans left to pay at about 2.6%. I was a Pell Grant kid who qualified for the Biden loan relief before that went away. I autopay the minimum amount per month and will continue to do so until they’re fully repaid, or I earn less than 2.6% in my accounts, or I die.
It’s not complicated. I could pay them off tonight, but why?
I have about $6000 in undergraduate loans left to pay at about 2.6%. I was a Pell Grant kid who qualified for the Biden loan relief before that went away. I autopay the minimum amount per month and will continue to do so until they’re fully repaid, or I earn less than 2.6% in my accounts, or I die.
It’s not complicated. I could pay them off tonight, but why?
Anonymous
02/26/2026 15:08
Subject: Re:Should I pay off this student loan now or just stick to schedule?
Pay it off and simplify your life.